Report
The three prerequisites for reindustrialisation
We believe that countries must meet three conditions to be able to reindustrialise and modernise their manufacturing base: Public authorities must provide clear strategic guidelines about industrial development (what products should be manufactured in the country to ensure sovereignty and to position it in the technologies of the future); There must be mixed public and private financing of the necessary investments (R&D, productive investments, etc.); Labour force skills must be high enough to enable manufacturing employment and to ensure the country's competitiveness. In this Flash we want to show that there is complementarity between a clear strategy, sufficient financing, and a sufficiently high level of skills among the population: if one of these three factors that stimulate industrialisation is absent, reindustrialisation will be severely hindered and slowed down. Empirically, there is a complementarity between the proportion of private R&D in GDP and labour force skills.
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